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Biocon reports 18% fall in Q2 consolidated net profit

22 Oct 2021 Evaluate

Biocon has reported results for second quarter ended September 30, 2021.

The company has reported net loss at Rs 6.60 crore for the quarter under review as compared to net profit of Rs 95.00 crore for the same quarter in the previous year. Total income of the company decreased by 32.27% at Rs 405.30 crore for Q2FY22 as compared Rs 598.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 18.31% fall in its net profit attributable to shareholders of the company at Rs 138.30 crore for the quarter under review as against net profit of Rs 169.30 crore for the same quarter in the previous year. However, total income of the company increased by 10.20% at Rs 1945.30 crore for Q2FY22 as compared Rs 1765.30 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Sun Pharma. Inds. 1782.00
Dr. Reddys Labs. 1208.00
Cipla 1334.00
Lupin 2010.00
Zydus Lifesciences 1138.50
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